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Business News
Jobless rate jumps to 5-year high of 6.1 percent- The nation's unemployment rate zoomed to a five-year high of 6.1 percent in August as employers slashed 84,000 jobs, dramatic proof of the mounting damage a deeply troubled economy is inflicting on workers and businesses alike.
McCain and Obama campaigns grapple for 'change'- Invigorated by back-to-back political conventions, Republican John McCain and Democrat Barack Obama grappled for the mantle of change Friday as the fall race for the presidency took off in states teeming with the independent voters they needed to win.
US East Coast braces for Tropical Storm Hanna- Beach vacationers in the Carolinas prepared to pack up and head inland Friday as Tropical Storm Hanna cruised steadily toward the coast, while others decided to ride out the fast-moving storm that had only a slight chance to become a small hurricane before crashing ashore overnight.
US warship at Georgian port partly held by Russia- The flagship of the U.S. Navy's Mediterranean fleet anchored outside a key Georgian port Friday, defiantly bringing in tons of humanitarian aid to a city still partly occupied by hundreds of Russian troops.
- Secretary of State Condoleezza Rice said Friday that her historic visit to former pariah state Libya proves that the United States never writes off another nation forever.
- The White House says President Bush will announce his decision on future troops levels in Iraq next week.
'Broken man' Abramoff gets 4 years in prison- Broken and disgraced, lobbyist Jack Abramoff will spend four years in prison for his role in a corruption scandal that upended Washington politics and contributed to the Republicans' loss of Congress in 2006.
- Scientists have mapped the cascade of genetic changes that turn normal cells in the brain and pancreas into two of the most lethal cancers. The result points to a new approach for fighting tumors and maybe even catching them sooner. Genes blamed for one person's brain tumor were different from the culprits for the next patient, making the puzzle of cancer genetics even more complicated.
Freddie Mac Chief Financial Officer Buddy Piszel to Address Lehman Brothers Conference
MCLEAN, Va.
(Map)
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A live webcast of the speech will be available through a link on Freddie
Mac's Investor Relations Web page at www.FreddieMac.com/investors/webcasts .
The webcast archive will be available beginning at approximately
Freddie Mac is a stockholder-owned corporation established by Congress in 1970 to support homeownership and rental housing. Freddie Mac purchases single-family and multifamily residential mortgages and mortgage-related securities, which it finances primarily by issuing mortgage-related securities and debt instruments in the capital markets. Over the years, Freddie Mac has made home possible more than 50 million times, ensuring financing for one in six homebuyers and more than four million renters.
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More Business_and_Finance Releases
(LEN): Lennar Corporation's Third Quarter Earnings Conference Call To Be Broadcast Live on the Internet
(MOT): Keynote Presentation by Motorola Co-CEO Greg Brown at the Deutsche Bank Technology Conference
(RIMM): Seven Summits Research Releases Comments on RIMM, AIG, HOG, MOT, and GTI
